thyssenkrupp (OTCMKTS:TKAMY) Cut to “Hold” at Zacks Investment Research

thyssenkrupp (OTCMKTS:TKAMYGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “ThyssenKrupp AG engages in the production of steel. It operates through the following business areas Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe and Steel Americas. Components Technology business area offers components for the automotive, construction and engineering sectors. Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. Steel Europe business area involves in the flat carbon steel activities. Steel America business area produces, processes, and markets steel products in North and South America. ThyssenKrupp AG is headquartered in Essen, Germany. “

A number of other brokerages also recently commented on TKAMY. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of thyssenkrupp from €18.00 ($19.57) to €17.00 ($18.48) in a research report on Thursday, March 17th. Morgan Stanley reduced their price target on thyssenkrupp from €9.70 ($10.54) to €8.60 ($9.35) in a report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.53.

Shares of OTCMKTS TKAMY opened at $7.48 on Wednesday. The stock has a fifty day moving average price of $9.45 and a 200 day moving average price of $10.28. thyssenkrupp has a 1-year low of $7.30 and a 1-year high of $14.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.09 and a quick ratio of 1.40. The company has a market cap of $4.66 billion, a PE ratio of 31.17 and a beta of 1.90.

thyssenkrupp (OTCMKTS:TKAMYGet Rating) last announced its quarterly earnings data on Thursday, February 10th. The company reported $0.19 EPS for the quarter. thyssenkrupp had a net margin of 0.37% and a return on equity of 1.23%. The company had revenue of $10.32 billion during the quarter, compared to the consensus estimate of $10.94 billion. Analysts anticipate that thyssenkrupp will post 2.11 earnings per share for the current fiscal year.

About thyssenkrupp (Get Rating)

thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems, as well as automation solutions for the automotive industry.

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